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Padres Trade Connor Joe To Reds

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The Reds acquired outfielder Connor Joe from the Padres for minor league reliever Andrew Moore and cash considerations, the teams announced. Cincinnati transferred Tyler Callihan to the 60-day injured list to create a spot on the 40-man roster. San Diego’s roster count falls to 38.

Joe, a San Diego native who attended USD, signed with his hometown team on a $1MM contract during the offseason. He was expected to work as the right-handed half of a left field platoon with Jason Heyward. The Padres tabbed speedster Brandon Lockridge for that role instead, optioning Joe to Triple-A El Paso to begin the season. He was recalled in mid-April and went hitless in nine at-bats. He drew one walk while striking out six times.

The Friars optioned Joe back out last week. He made 16 appearances with El Paso, hitting .267/.405/.350 through 74 trips to the dish. He has yet to hit a home run but has stolen four bases and taken more walks (13) than strikeouts (10). He should have a better path to big league at-bats in Cincinnati. Rece Hinds and Will Benson, each of whom were recalled from Triple-A Louisville this week, are operating as backup outfielders. Starting right fielder Jake Fraley has missed four straight games on account of calf soreness.

Cincinnati did welcome righty-hitting outfielder Austin Hays back from the injured list this afternoon. Their primary corner outfielders, Fraley and Gavin Lux, each hit from the left side. Joe had a productive .251/.353/.418 slash in 363 plate appearances against lefty pitching with the Pirates between 2023-24. He didn’t hit much without the platoon advantage (.230/.314/.382 in 525 PAs), but he’s an affordable bench/platoon player.

This is Joe’s second minor league option year. The Reds can shuttle him back and forth between Cincinnati and Louisville for this season and next if he holds his 40-man roster spot for that long. He’s nearing four years of service time and will be eligible for arbitration for at least two more years if he sticks with the club.

Moore, who is not the former Mariners MLB pitcher of the same name, is a 25-year-old reliever. He was, however, drafted by Seattle in 2021. The Mariners included him alongside Noelvi Marte and Edwin Arroyo as part of the 2022 deadline deal for Luis Castillo. Moore has spent the past few seasons working his way up to Double-A. He combines big strikeout rates with astronomical walk tallies. He did not rank among Baseball America’s write-up of Cincinnati’s top 30 prospects, though Eric Longenhagen of FanGraphs ranked him 22nd in the Reds’ system just last week.

Longenhagen wrote that Moore’s fastball/slider combination looked like that of a setup man at his peak, though his velocity has been down early this season. He’d need to dramatically improve his control to pitch above a low-leverage role in either case. Moore walked upwards of 17% of opponents across 46 1/3 Double-A innings last year. That resulted in a 4.47 ERA despite an excellent 32.3% strikeout rate. He has surrendered five runs (four earned) on three hits and eight walks with 12 punchouts through his first 8 2/3 frames this season.

As for Callihan, his IL transfer was an inevitability. He broke his left arm in a nasty collision with the left field wall at Truist Park on Monday. He promptly underwent surgery that’ll prevent him from doing any kind of baseball activities for six to eight weeks. He probably won’t be able to resume his rookie season until August or September at the earliest.

Image courtesy of Mark J. Rebilas, Imagn Images.

Reds To Place Hunter Greene On IL With Groin Strain

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Right right-hander Hunter Greene has a grade 1 right groin strain, per Mark Sheldon of MLB.com. He has not yet been placed on the 15-day injured list but manager Terry Francona says that will happen before Greene’s turn in the rotation comes up again. There’s no strict rush to make the move, as IL stints can be backdated by as many as three days. Even if the IL move isn’t officially made for a day or two, he would be eligible to return on the same date.

It’s an unfortunate but not shocking development. Greene departed last night’s contest after just three innings. He came out to warm up for the fourth but called a trainer out to the mound and was removed from the game. The Reds announced it as a right groin injury and that he would be undergoing an MRI.

It’s still not clear how long they expect him to be out of action but it seems the Reds will be without their ace for at least a couple of turns through the rotation. Greene has an excellent 2.36 earned run average through eight starts so far this year. He’s had a bit of help from a .224 batting average on balls in play and a 92.5% strand rate but his 34.7% strikeout rate and 4.5% walk rate are both excellent figures. His 30.1% K-BB% is actually tops among qualified pitchers this year. ERA estimators like his 3.07 FIP and 2.41 SIERA suggest he’d still be having great results even with some regression in the luck department.

Losing that kind of performance would be a blow for any club. The Reds are 19-19 and trying to stay afloat in the National League race. Obviously, subtracting Greene doesn’t help, regardless of who comes up to take his place.

They will be left with Nick Lodolo, Nick Martinez, Brady Singer and Andrew Abbott to start their next four games. The team is off on Monday and could theoretically stick with those four guys on regular rest through next Friday, but they would need to figure something else out by next weekend. That could be giving a rotation spot to someone else, just a spot start or some creative solution such as a bullpen game.

Chase Petty is on the 40-man roster and made his major league debut already this year, so he would be an option to be recalled. Rhett Lowder probably isn’t an immediate option. He’s been on the 15-day IL all year due to a forearm strain. He recently started a rehab assignment, tossing three innings in the Complex League on Tuesday, but he’ll probably need another few weeks to ramp up as a sort of delayed spring training. Randy Wynne was up with the club earlier this year but was outrighted off the 40-man a few weeks back. Veteran Wade Miley is in the system on a minor league deal, working his way back from last year’s Tommy John surgery, though he recently departed his second rehab outing with a groin issue and his timeline is unclear.

Photo courtesy of Brett Davis, Imagn Images

Reds Place Noelvi Marté On IL With Oblique Strain

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The Reds announced that infielder Noelvi Marté has been placed on the 10-day injured list, retroactive to May 5th, due to a left oblique strain. Outfielder Rece Hinds has been recalled to take his spot on the active roster.

Marté was scratched from yesterday’s game due to left side pain. It appears that testing done since then has revealed a strain. The club hasn’t announced the severity or how long they expect Marté to be out of action but even moderate oblique strains can take weeks or even months to recover from.

Time will tell how long it lasts but this IL stint will deprive the Reds of one of their best bats this year and interrupt Marté’s return to form. Through 73 plate appearances, he is hitting .294/.342/.515 this year for a 131 wRC+.

That’s a small sample but is nonetheless reassuring, given recent history. Marte was once a top prospect and then made a strong debut in 2023, hitting .316/.366/.456 in 123 plate appearances that year. But going into 2024, he received an 80-game PED suspension and posted dismal results when he got back, slashing just .210/.248/.301 last year. That performance was bad enough that he actually got optioned to the minors to start 2025 but he crushed the ball down in Louisville and got called up by the middle of April.

His hot streak over the past few weeks led to some renewed optimism about him carving out a major league career and perhaps taking over as the club’s long-term third baseman. That’s all still possible but it will have to be put on pause now for at least a little while.

For the club, they will be particularly short-handed at the infield corners for a while, as Marte is joining Jeimer Candelario and Christian Encarnacion-Strand on the IL. Spencer Steer has been getting most of the first base playing time lately and could stay there, though he could also move to third and give some first base playing time to Tyler Stephenson. Some third base time could also go to Santiago Espinal. He has a .333/.383/.391 line this year, though that’s surely inflated by a .368 batting average on balls in play and his career line is a more modest .270/.325/.366. Gavin Lux has seen a bit of playing time at third this year and could be a consideration there as well.

Photo courtesy of Sam Greene, Imagn Images

Reds’ Tyler Callihan Suffers Forearm Fracture

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May 6: The Reds placed Callihan on the 10-day IL today and optioned right-hander Yosver Zulueta. They recalled outfielder Jacob Hurtubise and righty Lyon Richardson in corresponding moves. Manager Terry Francona tells Mark Sheldon of MLB.com that Callihan underwent successful surgery on his arm. He won’t be able to do baseball activities for six to eight weeks. After that, he will presumably need a ramp-up period and rehab assignment, so he’ll probably be on the IL into July.

May 5: The Reds announced that rookie infielder/outfielder Tyler Callihan suffered a left forearm fracture in tonight’s game against Atlanta. He’s obviously in for a long-term absence.

Callihan suffered the gruesome injury while he was playing left field. He tracked a Matt Olson fly ball that sliced down the line. Callihan, a right-handed thrower, reached up for the ball with his glove hand. He went into a slide and was unable to avoid crashing into the wall with limited foul territory. His outstretched left arm took the brunt of the collision. It was immediately apparent that he’d suffered a significant injury. (Olson came around to score on an inside-the-park home run after Callihan understandably dropped the ball in pain.)

The 24-year-old Callihan just received his first major league call last week. He came up to serve as a left-handed hitting bench bat when Jeimer Candelario went on the injured list. He recorded his first MLB hit and RBI with a base knock against Washington’s Trevor Williams on Saturday. He’s 1-6 with a strikeout in four games.

Callihan will at least collect major league pay and service time during what figures to be a long injured list stint. He’ll go on the major league IL and should end up on the 60-day injured list once the Reds need to open a 40-man roster spot. Gavin Lux, who started at designated hitter tonight, will continue getting the majority of playing time in left field. Blake Dunn came off the bench to handle the position this evening.

Reds Activate Tyler Stephenson For 2025 Debut, Place Austin Hays On Injured List

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The Reds announced Friday that they’ve reinstated catcher Tyler Stephenson from the injured list. He’s missed the entire season so far due to an oblique strain he suffered in spring training. It’s not all good news for the Reds, however, as the corresponding move for Stephenson’s return is 10-day IL stint for hot-hitting outfielder Austin Hays. He’s dealing with a left hamstring strain, per the team. His IL placement is retroactive to April 29.

With Stephenson returning and backups Jose Trevino and Austin Wynns hitting well, Cincinnati will carry three catchers on the roster for the time being. Stephenson has plenty of experience at first base, if the Reds want to plug him into that mix, and he has more than enough bat to justify being deployed as a designated hitter. The 28-year-old bounced back from a down showing in 2023 to hit .258/.338/.444 (112 wRC+) with 19 home runs in 515 plate appearances last year. Since breaking into the majors in 2020, Stephenson is a career .267/.343/.427 hitter (106 wRC+).

This will be the second IL stint of the season for the 29-year-old Hays, who’s been on an otherworldly tear when healthy enough to take the field. He started the season on the IL with a calf strain in this same left leg but has decimated opponents with a .365/.431/.712 output between the two IL trips. Hays has already clubbed five homers in just 58 plate appearances, and he’s walking at a career-high 10.3% clip against a manageable 22.4% strikeout rate.

Hays is the third potential Reds regular on the injured list. He’ll join Christian Encarnacion-Strand and Jeimer Candelario, both of whom are dealing with back injuries. With that trio sidelined, the Reds can go with a combination of Stephenson and Spencer Steer at first base. In the outfield, TJ Friedl, Jake Fraley and Gavin Lux ought to see plenty of run — particularly against right-handed pitching. Steer and fellow righty hitters Blake Dunn and Santiago Espinal can contribute in the outfield against left-handed opponents.

Reds Option Alexis Diaz

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The Reds have optioned former All-Star closer Alexis Diaz to Triple-A Louisville, per a team announcement. Fellow right-hander Luis Mey is being recalled from Louisville in his place. Mey will be making his MLB debut the first time he takes the mound.

It’s been a brutal season for Diaz, who already lost the closer’s role in Cincinnati. The 28-year-old righty opened the year on the 15-day injured list due to a hamstring strain. He returned a couple weeks ago but has been pitching with a career-low 93 mph average fastball velocity. He currently has more walks (five) and home runs allowed (four) than strikeouts (three). The result is a ghastly 12.00 ERA, which was inflated heavily by yesterday’s five-run meltdown against the Cardinals.

Diaz’s decline hasn’t been completely out of the blue. He was an excellent high-leverage arm in his first two seasons from 2022-23, finishing fifth in ’22 NL Rookie of the Year voting and making the ’23 All-Star team at the midpoint of a 37-save season. His 2024 campaign, however, was rife with red flags.

Last year’s 3.99 ERA wasn’t necessarily a harbinger for significant decline in and of itself, but Diaz’s average heater dropped from 95.2 mph in 2022-23 to 93.9 mph in 2024. His strikeout rate, which had topped 30% in each of his first two seasons, fell to a pedestrian 22.7%. His swinging-strike rate checked in at just 11% last year after sitting at a gaudy 15.6% over the two prior seasons. Diaz has never had good command, walking more than 12% of his opponents even at his peak, which makes the precipitous decline in his ability to miss bats all the more problematic.

Diaz hasn’t altered his pitch selection over the course of his career — he’s still a pure four-seam/slider reliever — but the shape, velocity and quality of his pitches have all gone the wrong direction. Beyond the drop in fastball velocity, his slider has actually gained a bit less than a mile per hour. What was once a nearly 9 mph gap between his heater and his slider is down to 5.7 mph at the moment. He’s also seen that slider lose a significant amount of its horizontal break; back in 2022, Statcast measured both the vertical and horizontal break of Diaz’s slider to be well above average. They’re both more than two inches worse than average now, and the whiff rate on the pitch has plummeted from 45% in ’22 to just 13% so far in ’25.

The Reds could’ve non-tendered Diaz over the winter, but they kept him around and agreed to a $4.5MM salary for the current season. Depending on the length of this optional assignment, the demotion could push the right-hander’s path to free agency back by a year. He entered the season with exactly three years of MLB service, and if he spends more than two weeks in Louisville, he won’t accrue a full year this season. That’d push his free agency back from the 2027-28 offseason to the 2028-29 offseason.

Of course, that’ll only come into play if Diaz is able to restore some of his prior form. If he continues to struggle anywhere close to this level, he’ll be a non-tender candidate in November or perhaps even a DFA candidate between now and season’s end. For the time being, he’ll look to get back on track in Triple-A.

Turning to the 23-year-old Mey, he’ll add a flamethrowing arm to Terry Francona’s bullpen — but one whose command troubles aren’t all that dissimilar from those of Diaz. Mey is averaging a colossal 99.1 mph on his power sinker this year, but he’s walked at least 15.6% of his opponents in each of his four years of full-season ball in the minors. He doled free passes at a grisly 17.6% clip in 55 innings between High-A and Double-A last year, and he’s walked 16.7% of his opponents in nine Triple-A frames in 2025.

The glut of walks hasn’t necessarily been offset by prominent strikeout rates. Mey has been average or better in that regard throughout his career but has never really climbed into plus range. His strikeout rate has hovered between 23% and 28% from year to year, settling at a collective 25.9% rate dating back to 2021. Similarly, his sinker has produced strong but not quite elite ground-ball rates as he’s climbed the minor league ladder. He clocked in at 52% there in 2024 and has a 54.2% grounder rate so far in 2025.

The sheer power of Mey’s sinker, coupled with a slider that’s drawn anywhere from above-average to plus grades on scouting reports, gives Mey the foundation of a potentially dominant reliever. He’ll need to substantially improve upon his command in order to reach that ceiling, but he’s an intriguing arm for the Reds to take a look at in place of their newly demoted closer. Mey will presumably slot into low-leverage situations to start out his big league career.

Reds Promote Chase Petty, Tyler Callihan

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April 30: The Reds announced earlier today that Callihan has been recalled. As a corresponding move, Candelario was placed on the 10-day injured list with a lumbar spine strain, retroactive to April 28th. Petty was officially selected to the 40-man between games and will be the 27th man for the twin bill.

April 29: A pair of Reds prospects will receive their first major league calls. C. Trent Rosecrans of The Athletic reports that right-hander Chase Petty will be tabbed to start the second game of tomorrow’s doubleheader against the Cardinals. He’ll go opposite Steven Matz in his major league debut. Meanwhile, Ari Alexander of KPRC 2 reports that infielder Tyler Callihan is also coming up.

Cincinnati will not need an active roster spot for Petty, who can serve as the allotted 27th man in the doubleheader, but they will need to formally select him onto the 40-man roster. They already have an opening after waiving Randy Wynne last week. Callihan is on the 40-man, but they’ll need to make an active roster move to accommodate his promotion.

Petty, 22, was Minnesota’s first-round pick in the 2021 draft. He didn’t spend a whole lot of time in the Twins’ farm system. Minnesota shipped him to the Reds the following spring in a one-for-one trade that netted Sonny Gray. It worked out well for both clubs. Gray had a fantastic two-season run in the Twin Cities, while Petty has become one of the better pitching prospects in baseball.

As a high schooler, Petty received plenty of attention for a fastball that ran into the triple digits. He’s not throwing quite as hard in pro ball, but he’s still averaging 95-96 MPH on his four-seam and sinker. Prospect evaluators credit him with a plus slider that serves as his best secondary offering. He rounds out a four-pitch mix with a cutter and changeup that’ll hopefully allow him to handle left-handed hitters multiple times through a lineup.

Baseball America ranked Petty third among Cincinnati prospects and among the back 10 of their overall Top 100 over the offseason. He landed among the sport’s Top 50 prospects at FanGraphs, while ESPN’s Kiley McDaniel had him in the back half of his Top 100. Keith Law of The Athletic had him outside his overall 100 but slotted him among the 10 best minor league talents in the Cincinnati system.

Petty spent most of last season in Double-A, where he turned in a 4.39 earned run average across 127 innings. He earned a late-season promotion to Triple-A Louisville, where he’s spent the first month of the ’25 campaign. Petty has pitched well through five starts. He carries a 3.52 ERA with a plus 27% strikeout rate. That includes six scoreless frames with seven strikeouts in his most recent outing last Wednesday.

Tomorrow’s appearance may simply be a spot start. Players promoted as the 27th man in a doubleheader are usually sent back to the minors the following day. Still, it’s unlikely to be the only time Petty gets the call this season. He’ll remain on the 40-man roster even if he’s returned to Louisville postgame. The Reds wouldn’t have made that move unless they anticipated Petty factoring in as rotation depth throughout the season.

The Reds added Callihan to the 40-man roster last November to keep him out of the Rule 5 draft. The left-handed hitting infielder has been on optional assignment to Louisville all season. He has raced out to a strong start to the season, batting .303/.410/.528 with four homers and six stolen bases in 24 games. Callihan has walked 16 times in 106 plate appearances, though he’s also punched out on 29 occasions.

Cincinnati’s third-round pick in 2019, Callihan has battled injuries (including a 2021 Tommy John surgery) during his pro career. He’s generally regarded as a bat-first infielder. Inconsistent minor league production had dropped him to 21st among Reds prospects on BA’s offseason list, but the Reds liked him enough to ensure they didn’t lose him in the Rule 5 draft. The hot start at Louisville earns him an opportunity to contribute to an infield facing some injury questions.

They’ve been without Christian Encarnacion-Strand for a couple weeks, while Jeimer Candelario is day-to-day with lower back soreness. Candelario went for an MRI today, according to the MLB.com injury tracker. A trip to the 10-day IL doesn’t seem out of the question. Callihan is primarily a second baseman and has experience at both corner infield spots (and in left field). Candelario had already ceded the starting third base job to Noelvi Marte, but Callihan could replace him as a bench bat.

Image courtesy of Imagn Images.

Walt Jocketty Passes Away

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Former Cardinals and Reds general manager Walt Jocketty has passed away at age 74, as initially reported by USA Today’s Bob Nightengale.  Jocketty was a fixture within baseball front offices for more than four decades, and he was the architect of the St. Louis team that won the 2006 World Series.

Cardinals chairman and CEO Bill DeWitt Jr. issued a statement in memory of Jocketty, stating “On behalf of the entire St. Louis Cardinals organization, I would like to offer our condolences to Walt’s family and his many friends.  Walt was our first GM when we purchased the ball club, and he helped to lead our baseball operations through some of the franchise’s most successful and memorable years.  He will be sorely missed, but long remembered for his distinguished career in baseball.”

Jocketty began his career working in the Athletics’ front office in 1980 as their director of minor league operations, and soon moved into another role as the director of baseball administration.  During Jocketty’s 14-year run in Oakland, he helped draft and develop the core group of players that led the A’s to three straight AL pennants from 1988-90, as well as the 1989 World Series title.  Jocketty moved on from the A’s to work with the Rockies in an assistant GM role for part of the 1994 season, but in October of that year, he received his first GM job when the Cardinals hired him to run their baseball operations department.

Tony La Russa was the Athletics’ manager for much of the team’s successful run in the late ’80s and early ’90s, and Jocketty’s past relationship with the skipper led to La Russa being hired as the Cardinals’ new manager prior to the 1996 season.  That year saw the Cards win the NL Central and fall just short of the pennant with a seven-game loss to the Braves in the NLCS.  1996 was also one of only two winning seasons in Jocketty’s first five years with the Cardinals, though the team continued to amass talent — most notably another ex-Oakland staple in Mark McGwire, who launched his then-record 70 home runs in a St. Louis uniform in 1998.

Known for being a canny trader, Jocketty brought McGwire and many other star names to St. Louis during his 13-year run as the Cardinals’ general manager.  Franchise icons Albert Pujols and Yadier Molina were also drafted and developed during Jocketty’s tenure, and this combination of both internal and external production again turned the Cardinals into a perennial contender.  The Cards reached the playoffs six times in seven years from 2000-06, capturing two NL pennants and winning it all in 2006 for the Cardinals’ first championship since 1982.

Ironically, the 2006 team might have been one of the weaker Cardinals teams Jocketty put together, as the club won only 83 games in the regular season before catching fire in the playoffs.  After the Cards posted only a 78-win season in 2007, Jocketty was fired following the season, as Derrick Goold of the St. Louis Post-Dispatch noted that there was something of a clash within the front office between Jocketty’s more old-school approach and the more analytical approach of then-Cardinals VP and future Astros general manager Jeff Luhnow.

It took Jocketty only a few months to land with the Reds in an advisory role, and just a few months after being hired, Jocketty was promoted to the GM job barely a month into the 2008 season.  The Reds had losing records in every season from 2001-09, but in Jocketty’s third year on the job, Cincinnati got back on track by winning the NL Central crown.  That was the first of two division titles and three overall playoff appearances for the Reds from 2010-13, as Jocketty again relied on an experienced veteran manager (Dusty Baker) and a homegrown star first baseman (Joey Votto).

Jocketty’s title changed to president of baseball operations following the 2015 season, as Dick Williams was promoted to the GM job as the first step in the Reds’ succession plan.  A year later, Williams became Cincinnati’s PBO and Jocketty moved into an advisory role, and continued in various advisory capacities within the organization through the 2024 season.

We at MLB Trade Rumors extend our condolences to Jocketty’s family, friends, and colleagues.

Reds Outright Randy Wynne

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The Reds have sent right-hander Randy Wynne outright to Triple-A Louisville, according to his transactions tracker at MLB.com. He had been optioned earlier this week but there was no previous indication he had been removed from the 40-man roster, so this would appear to drop the club’s count to 39.

Wynne, 32, was selected to the club’s roster on Sunday. Hunter Greene had only lasted three innings in Saturday’s game, forcing the bullpen to sop up five frames in a road loss. Wynne gave them a fresh arm for Sunday, with the Reds planning to do a bullpen game. They went on to win 24-2, with Wynne taking the final three innings. He allowed one run on three hits and a walk, while striking out three.

After throwing those three innings, he likely wasn’t going to be available for a few days, so the Reds optioned him back down to Louisville. It appears they also quietly put him on waivers and passed him through unclaimed. This is his second career outright, which gives him the right to elect free agency, though it’s not yet clear if he will do so. The Reds had done basically this same thing in 2023, bringing him up for one outing before outrighting him off the roster.

He now has 5 1/3 innings pitched across two major league appearances with a 3.38 earned run average. Dating back to the start of the 2021 season, he has thrown 406 2/3 minor league innings with a 4.91 ERA, 15.4% strikeout rate and 5.2% walk rate.

Photo courtesy of Daniel Kucin Jr., Imagn Images

Looking Ahead To Club Options: NL Central

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MLBTR continues our division by division look at next year’s team/mutual option class with the NL Central. Virtually all of the mutual options will be bought out by one side. Generally, if the team is willing to retain the player at the option price, the player will decline his end in search of a better free agent deal.

Previous installments: player options/opt-outs, NL West, AL West

Chicago Cubs

  • Shota Imanaga, LHP (team has three-year, $57MM option covering 2026-28; if they decline, Imanaga has $15MM player option for 2026)

Imanaga signed a somewhat complex four-year, $53MM deal when he made the jump from NPB during the 2023-24 offseason. Next winter, the Cubs need to decide whether to trigger a three-year, $57MM option for the 2026-28 seasons. That’d come with respective salaries of $20MM, $20MM and $17MM. If the Cubs decline their end, Imanaga would be able to decline a $15MM player option for ’26 and test free agency.

It’d almost certainly take an injury for that to happen. Concerns about how Imanaga’s stuff might translate against MLB competition proved unfounded. The southpaw finished fifth in NL Cy Young balloting during his first major league season. He turned in a 2.91 earned run average across 173 1/3 innings, striking out a quarter of opponents against a 4% walk rate. The punchouts haven’t been there through this year’s first five starts, but he takes a 2.22 ERA into tonight’s appearance against the Dodgers. He’s getting whiffs on an excellent 14% of his pitches, so he’ll likely finish off a few more strikeouts moving forward. Imanaga’s deal looks like a bargain, and the Cubs should happily sign up for another three seasons at a $19MM average annual value unless he suffers an injury.

  • Colin Rea, RHP ($6MM club option, $750K buyout)

Rea reunited with Craig Counsell in Chicago after the Brewers declined his $5.5MM club option. It actually worked out slightly to his financial benefit. The righty collected a $1MM buyout from Milwaukee and secured a $5MM guarantee with the Cubs. He’s playing this year on a $4.25MM salary and will make at least a $750K buyout on next year’s club option. That’s valued at $6MM, so it’ll be a $5.25MM decision.

The Cubs had Rea work in long relief to begin the season. He has stepped into the rotation since the Justin Steele injury. The 34-year-old righty is out to a strong start, allowing two runs through his first 13 2/3 innings. He has punched out 12 while only allowing one walk in 56 plate appearances. Rea had held a rotation role in Milwaukee for most of last year, posting a 4.29 ERA through a career-high 167 2/3 innings. As a mid-30s swingman with league average whiff rates, he’s never going to break the bank, but the option price is reasonable for a capable #5/6 starter.

Turner’s option is mostly an accounting measure designed to push back $2MM of his $6MM free agent guarantee by a few months. Option buyouts are paid at year’s end, while the money would have been evenly distributed throughout the season had it simply been a $6MM salary. It’s unlikely that the Cubs would want to sign up for a $10MM salary covering Turner’s age-41 campaign even if he repeats his solid 2024 production.

The 17-year big league veteran has posted 11 consecutive above-average offensive seasons since his 2014 breakout with the Dodgers. His power numbers have declined with age, but he put up a strong .354 on-base percentage in 139 games between the Blue Jays and Mariners a year ago. Turner’s start on the North Side hasn’t been good. He’s hitting .147 without an extra-base hit over 14 games. He’s taken six walks against nine strikeouts but will obviously need to make more of a slugging impact.

Cincinnati Reds

Cincinnati took a buy-low flier on Barlow, a former closer who was released by the Guardians shortly before the playoffs. The righty had fallen quickly down the depth chart in Cleveland. He carried a 3.52 ERA with a 32% strikeout rate into the All-Star Break. Barlow allowed a near-6.00 ERA while striking out just 19% of batters faced in the second half. A fastball that typically sat around 93 MPH had dropped to the 90-91 range.

The early tenure in Cincinnati has been mixed. Barlow has gotten his velocity back, averaging 93 on both his four-seam and sinker. He’s getting whiffs on a huge 15.3% of his offerings, nearly two percentage points above last year’s level. The stuff is certainly more encouraging, but the results haven’t followed. He has a pedestrian 9:6 strikeout-to-walk ratio while allowing five runs on eight hits through 9 1/3 innings. He was limited to a $2.5MM guarantee last offseason. He’ll need a more convincing rebound for Cincinnati to retain him on what amounts to a $5.5MM call.

Hays signed for $5MM after being non-tendered by the Phillies. The righty-hitting outfielder has been a capable regular for most of his career, but his production dipped last season while he battled a grueling kidney infection. A Spring Training calf injury delayed his team debut until last week. Hays has been on tear since his return, connecting on three homers while hitting .406 in 34 plate appearances. He has a hit in all seven games, including three straight multi-hit performances against his old teammates in Baltimore over the weekend.

Suter, who grew up in Cincinnati, joined the Reds on a $3MM deal during the 2023-24 offseason. He posted a 3.15 ERA through 65 2/3 innings and signed a $2.25MM extension at the start of last winter. The 35-year-old southpaw is out to a customary start. He has managed 9 2/3 frames of three-run ball despite striking out just four of 38 opponents. Suter’s stuff is never going to jump off the page — he’s sitting in his typical 85-88 MPH range with his fastballs — but he avoids hard contact and is aiming for his seventh straight sub-4.00 ERA showing. Assuming he continues on his usual pace, the Reds should want him back on a $2.75MM decision.

Milwaukee Brewers

Milwaukee made a big investment by their standards in signing Hoskins to a two-year, $34MM contract during the 2023-24 offseason. The longtime Phillies first baseman had missed his walk year after suffering an ACL tear during Spring Training. The Brewers expected Hoskins to recapture his consistently above-average offensive form after a healthy offseason.

That didn’t happen in year one, as he hit a career-worst .214/.303/.419 across 517 plate appearances. Hoskins still managed 26 homers, but the overall offense was essentially league average. It wasn’t attributable to lingering knee discomfort. Hoskins did his best work early in the season, carrying an .813 OPS through the end of May. He hit .203/.285/.395 over the season’s final four months and bypassed an opt-out opportunity.

Hoskins has gotten out to another strong start this year. He’s batting .270 with a trio of homers and what would be a career-low 20% strikeout rate over his first 75 trips to the plate.

Milwaukee signed Peralta to a $20MM extension just before Spring Training 2020. He was mostly unproven at the time, but it only took one more season before he developed into a top-of-the-rotation starter. This quickly became one of the more team-friendly contracts in baseball. The deal included respective $8MM club options for 2025 and ’26, which would have been Peralta’s first two free agent years had he gone through arbitration.

The 28-year-old righty has been the clear staff ace since Milwaukee traded Corbin Burnes. He posted a sub-4.00 ERA in each of the five guaranteed seasons of the contract. Peralta has rattled off another 28 1/3 frames of 1.91 ERA ball through his first five starts this year. Unless he suffers a significant injury that’d threaten his availability for next season, the Brewers are going to rubber-stamp the option.

Quintana signed late on a $4.25MM pillow contract after finding a weaker market than he expected. The net present value was actually just under $4MM, as Quintana agreed to defer the $2MM buyout on his ’26 mutual option. The Brewers aren’t going to exercise their end of the $15MM option for what would be the veteran lefty’s age-37 season. It looks like they got great value on the one-year deal, though, as Quintana is coming off a 3.75 ERA showing for the Mets. The late signing delayed his team debut, but he has fired 12 1/3 innings of one-run ball over his first two starts.

Woodruff underwent shoulder surgery late in the 2023 season. The Brewers re-signed him to a backloaded two-year deal with a $17.5MM guarantee. They knew he’d spend all of ’24 rehabbing. They’ve taken his progression carefully and didn’t push him during Spring Training. Woodruff began a minor league rehab stint on April 12. He has made a pair of rehab starts and could be back with the big league team in the next couple weeks.

Note: William Contreras’ arbitration contract contains a $12MM team option for next season. He’s excluded from this list because he’d remain under arbitration control if Milwaukee declines the option, as they did with Devin Williams last offseason.

Pittsburgh Pirates

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St. Louis Cardinals

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